Estonian records price fall for fourth straight month

Business News

Sep 7, 2009, 10:25 GMT

Tallinn - Consumer prices in Estonia dipped by nearly 1 per cent in August compared to the same year-ago period, with the biggest reductions in food and transport, according to data released Monday. Statistics Estonia said the consumer price index fell by 0.9 per cent in August 2009 versus August 2010. The index was unchanged compared to July 2009. Martin Lindpere, an economist with the Estonian central bank, said the fall had been slightly bigger than expected. 'However, it must be taken into account that August is characterized by seasonal factors that tend towards falling prices,' he said in a statement. The biggest price reductions came in food (minus 5.7 per cent) and transport (minus 6.2 per cent). Prices in Estonia have now been falling since May. With prices now seemingly under control, the government of Prime Minister Andrus Ansip is keen to join the eurozone as quickly as possible, with a 2011 the target date. After a decade-long boom fuelled by cheap credit and a housing market bubble, the small Baltic republic of just 1.3 million people is suffering one of the European Union's deepest recessions.

Your Talkback on this Story

Older Talkback

Similar articles

Estonian economy to contract by 14.5 per cent, says government
Estonian central bank warns on budget deficit
Estonian recession "reaches bottom;" 16.6 per cent drop in 2Q
Estonian consumer prices drop for third consecutive month
Estonian inflation hits zero

Latest Headlines in Business

News from Other Sites

Business: Index

: News; Features; Currency Conversion

From Sites We Like

Latest Tech Herald News

Exploit code targeting Internet Explorer rated poor but workable (Update)
New attack aimed at jailbroken iPhones
Creationists add 50-page intro to Darwin's 'On the Origin of Species'
AT&T finally welcomes the BlackBerry Bold 9700
Barnes & Noble: Nook deliveries delayed until January

Latest from Fark

Grandparents are cool because they let you do things mom and dad won't. Like, say, hanging onto the luggage rack of a Ford Escort while they do drunken donuts on the lawn [Amusing]
Today's most incoherent actual headline: "Trooper fired after hat fib wants back in" [Fail]
Photoshop this held horse [Photoshop]
How the Resale Subculture drives Black Friday, why Cyber Monday is a hoax, and some of Fark's favorite Headlines of the Week for 11/15 to 11/21 [FarkBlog]
Under the new administration, sex slavery for the mentally handicapped is no longer on the list of Medicare-approved therapies [Spiffy]

Latest Cinema Blend News

Teaser Trailer: Beastly
The Hangover Wants A Golden Globe
Kat Dennings Joins The Thor Cast
Trailer: JCVD In Universal Soldier: Regeneration
Video: James Cameron And His Ego Visit 60 Minutes

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint

USA